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Technology Stocks : STARBASE (SBAS)- InfoWorld Hot Product Review
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To: architect* who wrote (943)12/23/1999 11:30:00 AM
From: tejek  Read Replies (2) of 1502
 
Looks like yesterdays big seller of SBAS shares,

is gone for now,

SBAS price moving up nicely now.

You are right, the big sellers are pretty much gone. In TA SBAS's chart is creating what is called a pennant formation on very low volume. As the pennant draws to completion, intraday trading becomes more and more restricted, causing pressure to build. The result will be either a gap up or a gap down in price. Given SBAS's fundamentals and current status, I expect it to gap up.

For those who do not know this type of formation, you might want to check out PERL. PERL ran up before SBAS, formed a pennant and gapped down and now is moving back up.

I plan to buy more SBAS today...it may be the last time we see the 8's.

Good luck.

ted
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